The bank continues to grow with good development in both lending and deposits
Net interest income has strengthened throughout the year
Profitability has improved although cost efficiency is somewhat lower compared to 2020
Low losses and low risk in the bank's portfolios
The bank's capital is strong and liquidity remains good
Balance growth
Lending growth was 4.6 per cent over the last 12 months. Growth in deposits was 7.3 per cent
Efficiency
Cost/Income ratio at 42.2 per cent in 2021
Strong liquidity and solidity
Deposit-to-loan ratio at 59.6 per cent, LCR at 122 and CET1 at
17.2 per cent. Leverage Ratio at 7.7 per cent
Net Interest Income
In NOK:
1.266 million
In per cent:
1.56
Losses
NOK 49 million (0.06 per cent) in losses on loans and guarantees
Return on
Equity
Return on Equity ended at
9.5 per cent for the full year 2021
3
Strong results in Q4
Profit after tax
Return on Equity (ROE)
- in per cent
- NOK million
•
The bank continues the positive
development and delivers a strong fourth
quarter
•
Profit after tax ended at MNOK 153 in Q4
170
176
153
2021
• Return on Equity was 9.0 per cent in the
quarter compared to 9.1 per cent in Q4
2020
147
143
10,4
10,5
9,1
8,5
9,0
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
4
Results 2021
Profit after tax
ROE
- NOK million
- in per cent
• A good Q4 strengthens the result
711
for 2021
642
• Profit after tax at the end of the
601
567
11,7
year was NOK 642 million,
557
10,6
10,4
corresponding to an improvement
9,5
in profit of 13.2 % compared with
last year
8,6
• The activity in the bank is good and
we have a good momentum into
the new year
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
5
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Sparebanken Møre published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 06:18:06 UTC.
Sparebanken More is a Norway-based savings bank. The Bank is a provider of financial products and services within the areas of financing, deposits and other forms of investments, payment transfers, financial advisory services, asset management, insurance, and real estate brokerage. Its product and service offering includes loans, cards, payment services, savings accounts, pension funds, life and non-life insurance, investment services, investment advice and online banking. Sparebanken More consists of the parent bank and three wholly owned subsidiaries: More Boligkreditt AS, More Eiendomsmegling AS and Sparebankeiendom AS.
SPAREBANKEN MØRE 
